Cormark Brokers Lift Earnings Estimates for Eldorado Gold

Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD - Analysts at Cormark raised their Q2 2025 earnings estimates for Eldorado Gold in a note issued to investors on Monday, May 5th. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for Eldorado Gold's current full-year earnings is $1.50 per share. Cormark also issued estimates for Eldorado Gold's Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.55 EPS, FY2026 earnings at $2.67 EPS and FY2027 earnings at $4.08 EPS.

Other equities research analysts have also issued research reports about the company. StockNews.com raised Eldorado Gold from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. National Bankshares reiterated an "outperform" rating on shares of Eldorado Gold in a report on Wednesday, April 23rd. National Bank Financial raised shares of Eldorado Gold to a "strong-buy" rating in a research note on Friday, March 21st. Canaccord Genuity Group lowered their target price on shares of Eldorado Gold from $29.00 to $27.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Finally, Royal Bank of Canada increased their price target on Eldorado Gold from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

Eldorado Gold Stock Performance

EGO stock traded up $0.11 on Thursday, hitting $19.66. The company's stock had a trading volume of 1,681,594 shares, compared to its average volume of 1,620,247. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 14.04 and a beta of 0.42. Eldorado Gold has a 1 year low of $13.29 and a 1 year high of $20.65. The firm has a 50 day moving average of $17.40 and a two-hundred day moving average of $16.13.

Eldorado Gold (NYSE:EGO - Get Free Report) TSE: ELD last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.04). Eldorado Gold had a net margin of 21.86% and a return on equity of 8.74%. The company had revenue of $341.59 million during the quarter, compared to analyst estimates of $319.83 million.

Institutional Trading of Eldorado Gold

Hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its stake in Eldorado Gold by 18.6% in the third quarter. Barclays PLC now owns 176,381 shares of the basic materials company's stock worth $3,064,000 after purchasing an additional 27,667 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Eldorado Gold by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 95,911 shares of the basic materials company's stock valued at $1,675,000 after acquiring an additional 6,629 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Eldorado Gold by 130.7% during the third quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock worth $2,607,000 after purchasing an additional 85,053 shares during the last quarter. Perpetual Ltd acquired a new position in Eldorado Gold in the fourth quarter worth $425,000. Finally, Jennison Associates LLC increased its stake in Eldorado Gold by 17.5% during the fourth quarter. Jennison Associates LLC now owns 7,090,185 shares of the basic materials company's stock valued at $105,431,000 after purchasing an additional 1,058,137 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.